Adult Day Care of Richmond Inc

Analysis

Adult Day Care of Richmond Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in June 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Adult Day Care of Richmond Inc reported income of $314k and spending of $368k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $345k to $314k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adult Day Care of Richmond Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Center of Hope Friendship Room ($314k), Northern Star Transitional Independent Living Inc ($314k) and I Have the Right to Org Inc ($314k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $73k (20% of expenses). Other salaries and wages came to $180k. At year end it held assets of $398k against liabilities of $21k, net assets of $377k. It reported 11 employees.